Today marks the release of Disney’s fourth-quarter earnings, and that means we got to hear from some of the top executives during another earnings call!
During the call, we heard updates on the Disney Parks revenue, the subscriber growth for Disney+, theme park attendance growth, and guests’ response to Disney Genie+ (the new way to “skip the line” at popular attractions). And, in the question and answer portion of the call, we also got some insight into how Disney may look to further cut costs as inflation continues to be a growing concern in the U.S.
Disney Chief Financial Officer Christine McCarthy was asked about how the Walt Disney Company plans to mitigate inflation in the coming months and year. And, in response, McCarthy shared some insight on what options the company is looking at.
More specifically, McCarthy said, “There are lots of things that are worth talking about. We can adjust suppliers. We can substitute products. We can cut portion size which is probably good for some people’s waistlines. We can look at pricing where necessary. We aren’t going to go just straight across and increase prices.”
Additionally, she shared that Disney wants to “get the algorithm right to cut where we can and not necessarily do things the same way.” So far, this has included “producing technology to [reduce] some of the operating cost.”
So far, Disney has not shared that any of these cost-cutting methods have been implemented throughout the parks, but we’ll keep an eye out for more updates. And, in the meantime, be sure to stay tuned to AllEars for the latest Disney news and updates!
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